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Tuesday, April 16, 2024  
07 Shawwal 1445  

Govt likely to give major relief on hybrid vehicles duty

Ruling alliance decreases custom duty by a big margin

The government has reduced the customs duty on the import of hybrid vehicles to a mere one per cent, shows Finance Bill. Earlier, the custom duty was 20%.

Below are the details for you

Hybrid electric vehicles: 1%

“The concession shall be admissible to manufacturers on import of the same variant to be assembled / manufactured locally subject to certification and quota determination by the Engineering Development Board (EDB),” said the Finance Bill.

Earlier, the customs duty was 20% on such vehicles.

Hybrid electric vehicles: 1%

The concession would be applicable to gross vehicle weight (g.v.w.) not exceeding 5 tonnes and g.v.w. exceeding 5 tonnes but not exceeding 20 tonnes. Earlier, there was a 30% levy on them.

The customs duty has been kept at four per cent for the following products

  • Battery pack and its parts: Thermistor, resistor, capacitor, and bus bar.
  • Cooling system for battery packs including blower, tubes, hoses, pump
  • Sensor hybrid vehicle battery voltage
  • Inverter assembly with converter (power control unit)
  • Electric motor and generator for transaxle assembly
  • Battery charging system/inlet connectors
  • Hybrid system control unit / hybrid ECU
  • Junction box

The customs duty has been kept at three per cent for the plug-in-hybrid electric vehicle

  • Battery pack and its parts: Thermistor, resistor, capacitor, and bus bar.
  • Cooling system for battery packs including blower, tubes, hoses, pump
  • Sensor hybrid vehicle battery voltage
  • Inverter assembly with converter (power control unit)
  • Electric motor and generator for transaxle assembly
  • Battery charging system/inlet connectors
  • Hybrid system control unit / hybrid ECU
  • Junction box
  • Charger
  • Charging port

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